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it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of jobs bill awaiting action in the democratic-run senate. >>> good news on the jobs front. 203,000 jobs were added in november, and the unemployment rate dropped to a five-year low of 7%. kristen welker, good saturday morning to you. what's the white house's take on the latest numbers? >> alex, good morning to you. the white house certainly touting the fact that the unemployment rate at its lowest level in five years. also highlighting the fact that a lot of this job gr
it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans...
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, to address these problems. >> and despite their efforts, the economy's actually growing. the biggest problem, though, unfortunately, main street isn't feeling it. how do we have a conversation on poverty? that's a reason why the president's conversation is refreshing because he acknowledged a biggest principles that's holding us back, lack of information with equal education and access for everyone. >> you know, joe, i wanted to share pugh took a look at why are people poor? not surprisingly -- disappointingly not surprisingly, democrats said because of uncontrollable circumstances and 24% said lack of effort. for republicans, it was about exactly the reverse. 28% said uncontrollable circumstances versus 57% who said lack of effort. so, that is, of course, why the fake war on christmas that bill o'reilly is choosing to talk about is, you know, semantics rather than these issues of makers and takers, right? >> yeah. absolutely. and this whole thing of christmas versus holiday really is a distraction. it's a diversion from the statistics that you just pointed out. look. let
, to address these problems. >> and despite their efforts, the economy's actually growing. the biggest problem, though, unfortunately, main street isn't feeling it. how do we have a conversation on poverty? that's a reason why the president's conversation is refreshing because he acknowledged a biggest principles that's holding us back, lack of information with equal education and access for everyone. >> you know, joe, i wanted to share pugh took a look at why are people poor? not...
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is the president and federal government helping the economy? we'll have no-spin analysis of the president's statement. ♪ >>> 'tis the season to be jolly, but not for some atheists. a huge billboard in new york city's times square attacking americans who believe, but why? >> sit down and shut up, you idiot, and let me answer the question, and if you don't like it, stop acting like an
is the president and federal government helping the economy? we'll have no-spin analysis of the president's statement. ♪ >>> 'tis the season to be jolly, but not for some atheists. a huge billboard in new york city's times square attacking americans who believe, but why? >> sit down and shut up, you idiot, and let me answer the question, and if you don't like it, stop acting like an
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45% said the economy. only 18% said health care. and economic inequality, which the president's spending a lot of time talking about these days, kennedy, only 1% care to hear about that at all. >> yeah, that's the 1% that's very inconvenient for the president. normally, when he talks about the 99%, he thinks he's speaking to the masses, but this once rabid fan base has obviously grown completely cold on that issue. and i don't know why the president continues to harp on it when it's obama care that is pulling him down like an anchor. >> so, kennedy, you are an anchor, and you're going to have a couple of people anchoring there with you. tell us about your new show! >> oh, i'm so glad you asked that. it's premiering monday night on fox business network, the sister station to fox news. and i will be hosting along with matt welch, who is the editor in chief of "reason" magazine, and camille foster from free think media. a bunch of free thinkers batting around ideas, talking to people and really trying to have an interesting, engaged di
45% said the economy. only 18% said health care. and economic inequality, which the president's spending a lot of time talking about these days, kennedy, only 1% care to hear about that at all. >> yeah, that's the 1% that's very inconvenient for the president. normally, when he talks about the 99%, he thinks he's speaking to the masses, but this once rabid fan base has obviously grown completely cold on that issue. and i don't know why the president continues to harp on it when it's obama...
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the economy is not performing we would like. real wages have been stagnant in our country for more than a decade. think about that. at the time when the cost of college and a whole host of health care is going up substantially. real wages have been frozen. you're all familiar with the budget problems that we face. there's a growing disparity have-nots haves and in our society. and that should concern all of us over time. allf these things are in some the interrelated with question of economic growth. if i had to pick one thing, i would agree with what john had to say. what's the comparative advantage. how do we grow this economy in a competitive world. in particular, how do we empower, again, not just give, citizens through hardwork and thrift and all those things to enjoy the fruits of the growth, particularly the third that aren't getting the education. the kids, let's say, that aren't quality of education we need to be economically an innovative global economy. that's what i would focus on. more ect you're a little concerned
the economy is not performing we would like. real wages have been stagnant in our country for more than a decade. think about that. at the time when the cost of college and a whole host of health care is going up substantially. real wages have been frozen. you're all familiar with the budget problems that we face. there's a growing disparity have-nots haves and in our society. and that should concern all of us over time. allf these things are in some the interrelated with question of economic...
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the republicans have made it clear on any issue from the bucket, economy, jobs, health care, immigration you name it they will stand in the way of quote giving him a win. they don't want him to succeed. as we know, there have been two books wren that republicans collude before he was inaugurated to insure he would not be successful. so a president's job is to be hopeful and optimistic. that's what the president is being here, but that's not to say that he shouldn't try. because the president, while hopeful and optimistic. he's dealing with all these obstruction and impediments, he has to try, otherwise why be in the job? >> what's the point of the job. isaac, when you watched the interview, it was sort of interesting to watch a president expound at length about what it's like to be president while he's president. it is sort of an interesting experience we don't get to see. what were you seeing? what were you taking away from what you heard the president talking about this week? >> this was the first interview obama has done in a few weeks where he seemed back on hills game, he seemed con
the republicans have made it clear on any issue from the bucket, economy, jobs, health care, immigration you name it they will stand in the way of quote giving him a win. they don't want him to succeed. as we know, there have been two books wren that republicans collude before he was inaugurated to insure he would not be successful. so a president's job is to be hopeful and optimistic. that's what the president is being here, but that's not to say that he shouldn't try. because the president,...
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wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. . >>> nelson mandela's compassion, hum humanity, humility touches millions all over the world. peter turnley was there the day mandela was released from prison more than 20 years ago. he described the moments that followed in his own words. >> nelson mandela's example, his courage, his determination, his dignity, his forward thinking of conciliation, of forgiveness and of love for all is something that has touched so many people and it has been something that has brought people towards him and brought people together. on the morning of february 11th, 1990 i was with a group of photographers. we had gotten to the prison very early that morning. at one point in the early afternoon, i will never forget suddenly about five helicopters began to descend right over the back of this prison and suddenly there were screams that came in all directions of excitement. and i knew that something very important was about to happen. i
wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. . >>> nelson mandela's compassion, hum humanity, humility touches millions all over the world. peter turnley was there the day mandela was released from prison more than 20 years ago. he described the moments that followed in his own words. >> nelson mandela's example, his courage, his determination, his dignity, his forward...
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overall, these trends are encouraging news for families and our economy. they feel more secure in their own budgets. as you know, businesses in the united states have created more than 8 million new jobs. which is a perfect segue to something i just wanted to note. today, information that was released earlier this morning is jobs data and figures on job creation in november. i think it is worth noting when you look at this graph, not only was the economy in freefall, job loss was terrible at the end of 2008 and early 2009 when president obama took office, and not only has the trajectory been consistently in the right direction, if you will note when we first began positive job creation in the wake of the great recession, it was right around when the affordable care act past. this is obviously not a direct correlation. but we are moving the right direction. the information i cited in the beginning about the positive effects of the affordable care act for reduce in growth in health-care costs combined with the steady job creation we have seen for so many mon
overall, these trends are encouraging news for families and our economy. they feel more secure in their own budgets. as you know, businesses in the united states have created more than 8 million new jobs. which is a perfect segue to something i just wanted to note. today, information that was released earlier this morning is jobs data and figures on job creation in november. i think it is worth noting when you look at this graph, not only was the economy in freefall, job loss was terrible at...
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it was enough obama to change the entire health care system to damage the entire economy and now 5% is a diminimus figure to him. 80% of the website is working. 5% is no big deal. >> 90%. but that aside, do you know how much jeff bezos would have played to have amazon working at a 9 of 10 success rate. >> he would have with given anything. >> any website that starts off will have trouble. >> after three yearsnd $600 million to get it going? this is outrageous. >> still having trouble. >> by the way, jeff bezos wasn't responsible for damaging -- >> nobody asked you about -- >> and forced. >> let me say something to the 5 million. it's not 5 million individual people. these are families. >> wait, wait. >> that 5% number the president is another lie. when you look at the numbers they knew in july of 2010 they knew it would be a substantial part of the market up to 80%. 60% of small businesses and 45% of large businesses. >> argued it in federal court and andy mccarthy argued the admission in a brief. they deliberately misled people. this was never about getting people better health care.
it was enough obama to change the entire health care system to damage the entire economy and now 5% is a diminimus figure to him. 80% of the website is working. 5% is no big deal. >> 90%. but that aside, do you know how much jeff bezos would have played to have amazon working at a 9 of 10 success rate. >> he would have with given anything. >> any website that starts off will have trouble. >> after three yearsnd $600 million to get it going? this is outrageous. >>...
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their economy contracted by more than 58% last year. and it is precisely because of the international sanctions and the coalition that we were able to build internationally that the iranian people responded by saying we need a new direction in how we interact with the international community and how we deal with the sanctions regime. that's what brought president rouhani to power. he was not necessarily the first choice of the hard liners inside of iran. now, that doesn't mean that we should trust him or anybody else inside of iran. this it is a regime that came to power swearing opposition to the united states, to israel, and to many of the values that we hold dear. but what i've consistently said is even as i don't take any options off the table, what we do have to test is the possibility that we can resolve this issue diplomatically. and that is the deal that at the first stages we have been able to get done in geneva, thanks to some extraordinary work by john kerry and his counterparts in the p5-plus-1. so let's look exactly what we
their economy contracted by more than 58% last year. and it is precisely because of the international sanctions and the coalition that we were able to build internationally that the iranian people responded by saying we need a new direction in how we interact with the international community and how we deal with the sanctions regime. that's what brought president rouhani to power. he was not necessarily the first choice of the hard liners inside of iran. now, that doesn't mean that we should...
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and he's engulfed by this incredible storm on the economy. i mean, i think he's gotten us out of the worst recession since the great depression. that alone is quite an accomplishment. so i think, i would agree that his second term is stymied and that at best he can present an agenda which he probably understands will never be, never come into being unless the democrats retake congress, the house in the next congressional election. but at the very least, he can leave a legacy for future be presidents to look back on and say, well, obama wasn't able to complete it there, but we can do it in the future. >> in the introduction that's reprinted in the series of biographies that artur edited for -- arthur edited for times books, john seigenthaler -- [inaudible] he quotes henry adams saying that a president of the united states is like the commander of a ship at sea. he should have a course to steer ask a sense of mission. tom, you have covered presidents back beginning with polk as i recall -- [laughter] so what do you -- where would you put obama
and he's engulfed by this incredible storm on the economy. i mean, i think he's gotten us out of the worst recession since the great depression. that alone is quite an accomplishment. so i think, i would agree that his second term is stymied and that at best he can present an agenda which he probably understands will never be, never come into being unless the democrats retake congress, the house in the next congressional election. but at the very least, he can leave a legacy for future be...
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how accurate is it now in this new economy? how accurate of a gauge is it as to how well this economy's doing? >> john is a real expert here. the reality is these numbers constantly get revised and sometimes very dramatically. if it's 100,000 jobs created, it could be six months later, oh, it was 200,000 or it could be zero. the economy is not going to lose jobs when the jobs reports are showing we're creating them. they're not good at things like self-employment, entrepreneurs. >> john, for those people looking for jobs that are not low wage, who's hiring? where are the jobs? >> unemployment for college-educated workers is below 4%. so when you look at that 7% number, it represents a lot of people who have not gotten their high school education or maybe just have a high school education. if you have a college degree, we're seeing job growth in professional and business services, certainly in engineering which continues to be kind of a real driver of jobs, health care is net hire job creator over the last several years and hire
how accurate is it now in this new economy? how accurate of a gauge is it as to how well this economy's doing? >> john is a real expert here. the reality is these numbers constantly get revised and sometimes very dramatically. if it's 100,000 jobs created, it could be six months later, oh, it was 200,000 or it could be zero. the economy is not going to lose jobs when the jobs reports are showing we're creating them. they're not good at things like self-employment, entrepreneurs. >>...
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there's an effort to get local economies moving. this is one of the hardest hit areas. >> there's little left on the shore line at tacloban. roland is a fisherman or was given his boat fits a couple of kilo metres inland. >> how much were you earn. >> before i was earn about 3,000 pesos from the catch. what i catch now is what we eat. because i don't have a boat. >> and the truth is roland's story is replicated thousands of times. the change after the emergency aid phase has been to get people working. >> the streets, every street in tacloban is a mess and they need cleaning up which means you have ready-made jobs. that's why you have upwards of 20,000 lining up for the work for cash scheme. they get a job, money in the pockets and a big role in the rescue of their own city. >> cleaning the house - we pay them. the whole point is if every one of them are cleanlying up tacloban, we can revive it. with the money they had on hand they can buy things. you can see there's a lot of sales. immediately the economy has been revived. >> in fa
there's an effort to get local economies moving. this is one of the hardest hit areas. >> there's little left on the shore line at tacloban. roland is a fisherman or was given his boat fits a couple of kilo metres inland. >> how much were you earn. >> before i was earn about 3,000 pesos from the catch. what i catch now is what we eat. because i don't have a boat. >> and the truth is roland's story is replicated thousands of times. the change after the emergency aid phase...
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the media is as rich as any other part of the economy. and i think the correspondent's dinner is a classic example of this. >> have you attended one? >> i have, although not since 1996 because ""the new york times" stopped letting us go. >> why? >> they thought it was too -- dean baquet, who's now the managing editor of "the times", he was the washington bureau chief of "the times." i think it was in 2007, actually, declared that this is too cozy. he didn't like the message it sent. he would prefer that we stop going. i thought it was a great decision. >> describe the dinner to me. >> it's just this room full of tuxedoed people. a lot of hollywood celebrities come in. a lot of people talk about, you know, the good that the press does. but again, it's an extravaganza that continues, that it becomes the ultimate bubble world, the ultimate example of decadence in washington that people know intuitively is wrong, but have no either will or ability to stop it. >> this is a big night in washington. anyone whose anybody is here. and the key ques
the media is as rich as any other part of the economy. and i think the correspondent's dinner is a classic example of this. >> have you attended one? >> i have, although not since 1996 because ""the new york times" stopped letting us go. >> why? >> they thought it was too -- dean baquet, who's now the managing editor of "the times", he was the washington bureau chief of "the times." i think it was in 2007, actually, declared that this...
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their economy contracted by five percent. it is precisely because of the international sanctions and the coalition we were able to build that the iranian people responded by saying we need a new direction. and that's what brought president rouhani to power. he was not necessarily the first choice of the hardliners inside of iran. now, that doesn't mean that we should trust him or anybody else inside of iran. this is a regime that came to power swearing opposition to the united states, to israel, and to many of the values that we hold dear. but what i've consistently said is even as i don't take any options off the table, what we do have to test is the possibility that we can resolve this issue diplomatically. and that is the deal that, at the first stages, we have been able to get done in geneva, thanks to some extraordinary work by john kerry and his counterparts in the p5-plus-1. so let's look at exactly what we've done. for the first time in over a decade, we have halted advances in the iranian nuclear program. we have not
their economy contracted by five percent. it is precisely because of the international sanctions and the coalition we were able to build that the iranian people responded by saying we need a new direction. and that's what brought president rouhani to power. he was not necessarily the first choice of the hardliners inside of iran. now, that doesn't mean that we should trust him or anybody else inside of iran. this is a regime that came to power swearing opposition to the united states, to...
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. >> good economy. >> a better economy. a lot of people say they don't feel it. a better than expected jobs report pushed the dow nearly 200 points higher on friday. >> you know why 203,000 jobs were added to payrolls in november. way better than expected. the jobless rate, that ticked significantly lower to 7%. that is the lowest it's been in five years. we have more on how it's affecting wall street. good morning, zain. >> well, poppy and victor, it was a big week for the economy. car sales rose, new home sales soared and friday, unemployment rate druopped to 7%. that's the lowest since 2008. earlier this year, unemployment declined a lot of people got discouraged and weren't counted. the economy has added more than 2 million jobs this year, the best since 2005 and the gains not just in low-rate sectors. a lot in education and health care, professional services like accountants and travel agents. and hiring in manufacturing is strongest since last year. wages are up and americans are working less hours. the list goes on. the report pushed the dow up 200 points
. >> good economy. >> a better economy. a lot of people say they don't feel it. a better than expected jobs report pushed the dow nearly 200 points higher on friday. >> you know why 203,000 jobs were added to payrolls in november. way better than expected. the jobless rate, that ticked significantly lower to 7%. that is the lowest it's been in five years. we have more on how it's affecting wall street. good morning, zain. >> well, poppy and victor, it was a big week for...
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economy is heating up. according to the latest job reports, 203,000 people found work in november and the unemployment rate dropped sharply to 7%, the lowest level in five years. add to that that the economy grew in the third quarter faster than it was initially thought and it's no wonder that the white house wants monther. but analysts warn this warming trend is leaving too many americans out in the cold. >> if you're wealthy, you're feeling it. if you're in the middle or the lower end of the economic spectrum, you aren't. >> reporter: just look at the numbers. while the economy has recovered millions of lost jobs since the great recession, 6 in 10 americans say things are going badly in the country that's because with this recovery, there are two americas, wall street is booming, ending the week on a strong note. even as fast food workers were marching in the streets for higher wages. >> i think it's bad. i deserve more. >> reporter: president obama acknowledged that fixing that disparity is a top priorit
economy is heating up. according to the latest job reports, 203,000 people found work in november and the unemployment rate dropped sharply to 7%, the lowest level in five years. add to that that the economy grew in the third quarter faster than it was initially thought and it's no wonder that the white house wants monther. but analysts warn this warming trend is leaving too many americans out in the cold. >> if you're wealthy, you're feeling it. if you're in the middle or the lower end...
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that means 203,000 jobs were added to the economy. sounds like good news, but some economists say the numbers mask a pervasive problem just beneath the surface. record high unemployment among young americans. put these numbers into context, economist in the university of maryland business professor is here with us. good morning. >> good morning. >> so these numbers are being trumpeted all around by the president's supporters on various broadcasts we did yesterday as great news, but you say they're not what they appear to be. why? >> well, simply, the quality of jobs are not very good and most young people really are having a terrible time getting started in careers. you know, college graduates are still working at starbucks and the like, and we have a lot of college graduates who are really graduate students, not learning very much, because they can't find a job. piling up a lot of debt and so forth. >> so at what point is this assumption that every person needs to go a four-year college and then get a graduate degree going to fold un
that means 203,000 jobs were added to the economy. sounds like good news, but some economists say the numbers mask a pervasive problem just beneath the surface. record high unemployment among young americans. put these numbers into context, economist in the university of maryland business professor is here with us. good morning. >> good morning. >> so these numbers are being trumpeted all around by the president's supporters on various broadcasts we did yesterday as great news, but...